Goldstone Resources Share Discussion Threads

[stonesp2] 22/6/2020 17:36

I've noticed the share price track GGP for several years.. so agree that we should see 12p + in short order ..

[spacedust] 22/6/2020 16:16

That's more like it. This will surpass ggp very quickly

[spacedust] 22/6/2020 15:51

Finish 4.6p or above and we will see a sharp rise over 5p this week.

[maverick247] 22/6/2020 15:38

This company will start producing annual EBITDA in excess of market cap in q4 over $14mClearly should be valued at multiples Fire up Akrokeri and could be looking at a ggp style type situation with a mined head grade in excess of 24g/t and up to 51g/t

[like2share] 22/6/2020 14:29

Gold now $1755/oz

Environmental Permit soon

Bodes well

GLA

[flashheart] 22/6/2020 14:21

.....and we are already nearly upon Q3.

[like2share] 22/6/2020 14:18

Also from today's RNS...The Board currently anticipates that, subject-to receipt of the requisite environmental permit in the next few weeks, the first gold pour will be achieved in Q4 2020.

[like2share] 22/6/2020 14:13

Emma Priestley, CEO of GoldStone, commented:

"I am very excited to announce the formalisation of the Gold Loan. This allows us to move forward with bringing the Homase South Pit into production, with the first gold expected to be produced in Q4 2020.



"I look forward to updating shareholders as we progress the development of AKHM and move into production and achieve cashflows during 2020."

[anley] 22/6/2020 13:12

SEARCHER........is your statement made in POST 4376 true or false?

Thanks.

[stonesp2] 22/6/2020 08:38

Production H2........

[searcher0] 22/6/2020 08:13

First production delayed to sometime in Q4 now. Same old.

[marketanalyst1] 22/6/2020 08:02

Updated investment case…

The company’s current market cap is £10.50m (4.2pence per share). Allowing for cash and cash equivalents of £5.6m (now including the £2.1m gold loan confirmed in today’s announcement…), means that, the market is valuing the company’s flagship asset, the Akrokeri-Homase Gold Project (AKHGP), at £4.9m.

£4.9m, against a current post-tax NPV of £23.3m (at US$1,750/oz gold price following today’s strong rally…), is, quite frankly, a complete nonsense.

Remember, the £4.9m valuation assigns ZERO value to the asset’s significant post code; AKHGP lies 7 miles along strike from AngloGold Ashanti’s Obuasi Mine which is targeting 350,000 ounces of gold production in 2020.

The £4.9m valuation assigns ZERO value to Paracale Gold and BCM’s presence on the BOD. PG and BCM are globally renowned, hardened, and highly respected gold investors who collectively own 48.2% of the company.

Finally, the £4.9m valuation assigns ZERO value to the fast approaching inflection point – gold production.

Ghana's EPA is due to issue the Environmental Permit imminently. The issuance of the EP will then trigger the immediate commencement of mining operations:

• Stage one involves mining the ore. This is projected to commence in July 2020.

• Stage two involves crushing the ore and heaping it on a leach pad. This is projected to commence in July 2020.

• Stage three involves the irrigation of the leach pad with a leach solution to begin the extraction of the target mineral. This process, called the 'leach cycle', typically takes 4 weeks.

• Stage four involves the ultimate recovery of the target mineral – gold. This is projected to commence in the backend of August/beginning of September 2020.

Thus, the shares, which currently represent exceptional value, should be trading at 12pence per share (fair value) ahead of any gold production news.

In the meantime...









ATB and stay safe.

[highly geared] 22/6/2020 07:33

More good news, everything moving forward with first gold production on schedule for Q4. Environmental permit in final approvals stage and receipt anticipated in July. Fill yer boots...

[maverick247] 20/6/2020 14:07

Gold getting a wiggle on

[gasman10] 20/6/2020 08:16

I think some shares have a lot of warrant holders or large investors who sell in to a rise. A good example is EVE the price is static and its a victim of the Woodford scandal even though the company's fundamentals are sound.

[spacedust] 19/6/2020 22:29

Of course more than anyone probably here.

Like I said shares likes ngl and marl went from 2p to 80p yet grl had bug players even mighty randgold resources and when that randgold rns was issued the shate price stayed static and then declined.

All I'm doing is just speaking from past experience.

Good gold is steaming forward we need it to be 2000 to have any hope.

[gasman10] 19/6/2020 20:16

Gold up $10 this morning... $1735/ounce USD. Swiss gold shipments since March this year is almost 15 times more than the total shipments during the entire year 2019.

[gasman10] 19/6/2020 19:12

Well GGP is 12p i think we will do ok. Positive sentiment Spacedust do you want your 50p ?

[spacedust] 19/6/2020 18:13

This will only get to 10p if gold bits 2000

[gasman10] 19/6/2020 17:09

Also the largest share holders want value before the Chinese want a piece of the action.

[gasman10] 19/6/2020 16:50

I doubt it they can start mining straight away and then the first gold pour.